RECESSION

1112009

Can this country survive this recession? Families all over the country are looking for solutions. Is there anyone who can give us some input? No one want to lose what they worked hard for their whole life. Extra income is essential in these times..

The recession starting point actually rest in the several quarters of positive but slowing growth before the recession cycle really began in 2008. Usually in a mild recession the first quarter of negative growth is followed by slight positive growth.

Often it is more common than we might realize for countries around the world to experience mild economic recessions. Job lost is at a record high. Foreclosures are devastating so many families around the country are suffering enormously.

Experiencing a multitude of these negative factors simultaneously have led families into a deep recession that will be harder to recover.

Current United States Unemployment Rate: 7.2%

Unemployment Rates by State

51

MICHIGAN

9.6

50

RHODE ISLAND

9.3

48

CALIFORNIA

8.4

48

SOUTH CAROLINA

8.4

47

OREGON

8.1

45

DISTRICT OF COLUMBIA

8

45

NEVADA

8

44

NORTH CAROLINA

7.9

43

GEORGIA

7.5

39

ALASKA

7.3

39

FLORIDA

7.3

39

ILLINOIS

7.3

39

OHIO

7.3

38

MISSISSIPPI

7.2

37

INDIANA

7.1

36

KENTUCKY

7

35

TENNESSEE

6.9

34

MISSOURI

6.7

33

CONNECTICUT

6.6

31

MINNESOTA

6.4

31

WASHINGTON

6.4

29

ARIZONA

6.3

29

MAINE

6.3

25

ALABAMA

6.1

25

NEW JERSEY

6.1

25

NEW YORK

6.1

25

PENNSYLVANIA

6.1

24

MASSACHUSETTS

5.9

23

COLORADO

5.8

19

ARKANSAS

5.7

19

IDAHO

5.7

19

TEXAS

5.7

19

VERMONT

5.7

17

DELAWARE

5.6

17

WISCONSIN

5.6

15

LOUISIANA

5.3

15

MARYLAND

5.3

12

HAWAII

4.9

12

KANSAS

4.9

12

MONTANA

4.9

11

VIRGINIA

4.8

10

OKLAHOMA

4.7

9

WEST VIRGINIA

4.6

6

IOWA

4.3

6

NEW HAMPSHIRE

4.3

6

NEW MEXICO

4.3

4

NEBRASKA

3.7

4

UTAH

3.7

3

SOUTH DAKOTA

3.4

2

NORTH DAKOTA

3.3

1

WYOMING

3.2

After reading this blog things don’t look to great for the economy. If new jobs start being develop by the end of 2009 and into 2010 the country could make a turn for the better.